Trump Files $1 Billion Lawsuit Over Property Sale

Tycoon DONALD TRUMP has reportedly filed a $1 billion (GBP500 million) lawsuit against the managing director of a property-telecom conglomerate and other Hong Kong investors, claiming they undersold a plot of New York City land he has shares in.

THE APPRENTICE reality TV star alleges New World Development director HENRY CHENG and other investors told him in April (05) they had agreed to sell the Manhattan property for $1.8 billion (GBP947 million), but kept quiet about a $3 billion (GBP1.8 billion) offer they received from another bidder last month (JUN05).

Trump complains, "There's something seriously wrong here.

"This is one of the finest pieces of property in the world. And this is the hottest real estate market in history. They ought to be ashamed of themselves."

But a New World Development spokesman insists the company was not involved in the sale of the land, adding, "We do not have any information to provide."

14/07/2005 01:56


Tags: Donald Trump - The Apprentice


More Donald Trump

Meet Nia Sanchez: The New Miss USA, Who Can Kick Ass In An Evening Gown! [Pictures]

Meet Nia Sanchez, the Tae Kwon Do black belt and former real life Disney princess who’s just beaten 50 other hopefuls to be crowned Nevada's...

Kim Novak Finally Hits Back At Bullies After Oscars Abuse

Kim Novak may have starred in Vertigo, one of the greatest movies all time, but that hasn’t left her exempt from a bit of Hollywood...

Potts, Kettles And Twitter Meltdowns: Kim Novak's Oscar Appearance Triggers Chain Reaction

One of the uglier stories that emerged out of Sunday night’s Oscars was about the thousands of Twitter users, commenting on Kim Novak’s appearance –...

Donald Trump Greets Fans And Photographers Outside 'Letterman'

Entrepreneur Donald Trump waves at photographers and fans on leaving the New York studios where he appeared on 'The Late Show with David Letterman'.Trump recently...


Dad Saves Ivanka Trump The Trouble Of Announcing Baby News

You can always trust dad to steal your thunder on your big day! Ivanka Trump is beaten to the punch as father Donald unveils baby...

Simon Cowell & Howard Stern Are TV's Biggest Earners According To Latest Polls

What do Simon Cowell and Howard Stern both have in common? They're both dirty, stinking rich; that's what and according to the latest figures, they're...

Meet The Trumps: Ivanka Trump Expecting Second Child

The Trump family is expecting. Whether you deem that to be a good, or a potentially scary proposition, it's happening. Ivanka Trump is expecting her...

Ivanka Trump Expecting Child No.2 With Owner of New York Observer

Ivanka Trump is expecting her second child with husband Jared Kushner, owner of the New York Observer. The new addition will join the couple's 20-month...



Donald Trump Newsletter

Subscribe to this news alert service to receive news and reviews on Donald Trump

Unsubscribe | Unsubscribe All